The Reusable Launch Vehicle Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Reusable Launch Vehicle Global Market Report 2024, The reusable launch vehicle market size has grown rapidly in recent years. It will grow from $2.08 billion in 2023 to $2.33 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to cost reduction, space industry expansion, spaceport infrastructure, environmental considerations, space debris mitigation.
The reusable launch vehicle market size is expected to see rapid growth in the next few years. It will grow to $3.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to increased payload capacity, global spaceports, government space programs, satellite internet networks, interplanetary exploration. Major trends in the forecast period include space tourism boom, commercial satellite mega-constellations, rapid turnaround, global launch competition, heavy-lift reusability.
The rise in satellite launches is expected to propel the growth of the reusable launch vehicle market going forward. Satellite launches refer to the launch of satellites into space or the air. The rise in satellite launches can profit from using reusable launch vehicles as they reduce the cost of launching the satellite. For instance, in September 2022, according to the Government Accountability Office, a US-based government agency, there are almost 5,500 active satellites in orbit as of spring 2022, and one estimate predicts the launch of an additional 58,000 by 2030. Therefore, the rise in satellite launches drives the growth of the reusable launch vehicle market.
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The reusable launch vehicle market covered in this report is segmented –
1) By Type: Partially Reusable Launch Vehicle, Fully Reusable Launch Vehicle
2) By Orbit Type: Low Earth Orbit (LEO), Geosynchronous Transfer Orbit (GTO)
3) By Vehicle Weight: Upto 6,000 lbs, 6,000 to 10,000 lbs, Over 10,000 lbs
4) By Configuration: Single Stage, Multi Stage
5) By Application: Commercial, Defense
Top Major Players
LinkSpace Aerospace Technology Group
Blue Origin LLC
National Aeronautics and Space Administratio
Indian Space Research Organization
Space Exploration Technologies Corp.
Technology advancement is a key trend gaining popularity in the reusable launch vehicle market. Major companies operating in reusable launch vehicles are developing technologically advanced reusable launched vehicles to sustain their position in the market. For instance, in September 2022, ArianeGroup, a France-based aerospace company, launched Susie (Smart Upper Stage for Innovative Exploration). Susie is a versatile, modular, safe, and dependable vehicle used to carry out critical tasks in space. It has a huge internal bay (40 m3) that will be ideal for freight or payload transport along with crewed flights. Susie is a fully integrated concept that aims to increase reuse opportunities and thus reduce operational costs.
The reusable launch vehicle market report table of contents includes:
1. Executive Summary
2. Reusable Launch Vehicle Market Characteristics
3. Reusable Launch Vehicle Market Trends And Strategies
4. Reusable Launch Vehicle Market – Macro Economic Scenario
5. Global Reusable Launch Vehicle Market Size and Growth
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31. Global Reusable Launch Vehicle Market Competitive Benchmarking
32. Global Reusable Launch Vehicle Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Reusable Launch Vehicle Market
34. Reusable Launch Vehicle Market Future Outlook and Potential Analysis
35. Appendix
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